If you want to stop being self-employed, there is a specific process HMRC expects you to follow. This applies whether you are moving into an employed role, retiring, pausing trading or closing a venture for good. Get it wrong, or simply walk away without telling anyone, and HMRC will keep expecting tax returns. You may also face penalties for not sending them. The process its...
Founder dependency is one of the biggest value killers in UK small business. Most owners cannot see it because they are standing inside it. If your business cannot take an order, keep a key client, or hold its margins without you personally in the room, you have built something that works brilliantly today. Yet it will be worth a fraction of its potential the day you try to s...
Few skills move money straight to your bottom line. Learning to negotiate with suppliers is one of them. A pound saved on a supplier contract is a pound of pure profit; a pound of extra sales still has to be won, delivered and paid for before it counts.
Most owners put off supplier conversations because they feel awkward, or because the renewal notice arrives with no t...
Sasha Core is the founder of The Salon Owners Club, where she works with beauty, aesthetics, hair and clinic business owners across the UK to help them build more profitable, more sustainable businesses, and to reclaim their time, their energy and their lives. Follow her on Instagra...
Late payment interest is not a favour your customer might agree to if you ask nicely. It is a statutory right, written into UK law since 1998, that lets you charge for every day an invoice goes unpaid. Many small business owners know this right exists in theory. Far fewer actually use it, often because the mechanics (how much, from when, and how to claim it) feel murky. This ...